European Stars and Stripes (Newspaper) - September 26, 1991, Darmstadt, Hesse                                Page 18 c the stars and Stripe Money matters thursday september 26,-1991 insecure Consumers Cloud lenders Call bankruptcy a �?o10-year mistake a because it can be listed on credit reports for up to 10 years. But in reality just months after declaring bankruptcy you might be Able to get new credit cards a or even a Home mortgage. There is plenty of credit available even though it will probably Cost More after a bankruptcy. Some lenders May even find former bankrupt clients desirable because a they can to file for bankruptcy for seven years a said Alan Grochal a partner in the bankruptcy department of the Baltimore Law firm Tydings amp Rosenberg. Quot layoffs have triggered financial troubles for Many families during the recession. Meanwhile the stigma of bankruptcy has eroded. Conversion rates London up wednesdays rates for the . Dollar to other currencies. Figures Are expressed in dollars to the British Pound other local currencies in dollars a Gold was quoted at s353.00 an ounce Silver at $4,235. Sept 24 sept. 25 British pound.1.7445 1.7330 German mark.1.6685 1.6835 French franc.5.7195 5.7160 dutch guilder.1.8905 1.8901 belgian franc.34.50 34.61 italian lira.1,256.50 1,254.65 Swiss franc.1.4515 1.4655 greek drachma.186.71 186.66 turkish lira.4,665.80 4,676.00 saudi arabian riyal.3.7501 3.7500 Spanish peseta.105.89 105.92 portuguese escudo.144.38 144.46 Canadian dollar.1.1343 1.1339 austrian schilling.11.8100 11.8040 norwegian krone.6.5670 6.5655 danish krone.6.4740 6.4685 these Are commercial rates and can be related Only to the use of foreign currency by . Forces for official business. The Only official rate concerns the Sale of German Marks to . Personnel for personal use and this will be 1.64 through thursday based on wednesdays noontime Price fixing. New York Exchange new York up York Stock Exchange Stock Rwjr Nabisco hid entry we credit Salomon inc at amp to company Pepsico inc Micron tech inc ism corp waste mgt inc k Mart corp Natl med enter genl electric us West inc ban America Philip Morris general motors a the 15 most Active stocks in new composite trading on tuesday. Sales 4.226.400 2.261,600 2,234,800 2,134,000 1,927,500 1.754.200 t,499,200 1.496.300 1.470.200 1,367,600 1,251,900 1,206 100 1.203.200 1.134.400 1.111.300 last 11% 274k 22% 38�?T/ 28% 15ya 105% 361k 42 23% 69% 354k 41% 72% 37 net chg. Unch unch up v. Unch off % up 14k up 1% up 1 off 4k up % up % off 2% up % up % up % american Exchange new York up a the 10 most Active stocks in american Stock Exchange composite trading tuesday. Stock metro Mobile b Echo Bay mines Energy service fruit of loom Hill Haven corp Forest labs inc Organogenesis Amdahl corp Nabors Industry Wang labs inc b sales Lail 3,380,500 21 608,400 8% 579,300 2% 516,200 19% 441,300 27. 392,800 31% 391,900 15% 291,900 13% 291,200 5% 278,900 2% net chg. Up 2 % up % up % up % unch off 1 up 1% Oil % up % unch Dow Jones new York up a Dow Jones closing Range of averages tuesday 30 industrials 20 transport 15 utilities 65 stocks High 3043 38 1192.00 209.63 1077.79 Low 2995.97 1172.43 207.19 1061 34 close change 3029.07 up 18 56 1187.41 up 4.41 208 94 up 0 63 1073.20 up 5.36 future of economic recovery new York a new evidence that Consumers Are increasingly nervous and unwilling to spend has further clouded the Outlook for economic recovery and the Christmas shopping season. The conference Board an economic research organization said tuesday that its consumer Confidence Index fell in september the third straight drop for the widely followed barometer of consumer attitudes. As if confirming that finding major automakers said sales of new cars plunged compared with a year ago. Americans Are growing More worried about the Economy a current state and less sure about business conditions six months from now the conference Board said. A Given recent consumer Confidence readings those who expect the Economy to rebound in the remaining months of the year Are Likely to be disappointed a said Fabian Linden a conference Board economist. Consumer expenditures account for two thirds of the Gross National product making the Economy a recovery from recession dependent on consumer willingness to spend. But As Linden put it a a concerned and insecure consumer is a cautious  the Lack of Confidence was reinforced later tuesday when general motors corp. And Ford motor co. Said their car sales tumbled in mid september from year earlier Levels despite incentives aimed at Clearing 1991 models from dealer showrooms. Other car makers also reported lower sales. Sandra Shaber an economist with futures group in Washington called the weak Auto sales a a reflection of several kinds of worrisome  a this has been an extraordinarily weak period for income growth and for the Job Market a Shaber said. If Consumers Are working and earning less they done to have extra Money to spend. A drop in consumer Confidence makes matters worse Shaber said. The slump in Confidence is reminiscent of a year ago when the Start of the persian Gulf crisis frightened Consumers into curtailing purchases in the fall and at Christmas. This year with that Gulf crisis Long past the Outlook for Christmas is dim because Overall retail sales Are sluggish at a time when they normally Are accelerating. Daniel Barry a retail Industry analyst with Kidder Peabody amp co., said he has revised expectations for the Holiday season downward partly because sales in september have been weak. A a it a very clearly the Economy a Barry said. A a there a no life to durables or Catalon  Adverse weather has stalled sales in some parts of the country but even where there were better conditions sales continued to be sluggish Barry said. Saudi Arabia to keep Oil flowing this Winter Geneva apr saudi Arabia Opecz a biggest exporter said tuesday it would keep Oil flowing at a High level during the Winter despite Calls by other Cartel members to Cut production. Ministers of the 13-nation organization of Petroleum exporting countries opened a strategy session tuesday. After an hour Long meeting they adjourned until wednesday. Members were divided Over their production level for the october december period. A lower production level would Lead to higher crude prices. Saudi arabians influential minister Hisham Nazer said his country intended to produce 8.5 million barrels of crude a Day in the fourth Quarter a with or without Opecz a Blessing. A nobody has got to approve what saudi Arabia produces a he said. After nazi re a remarks Oil prices fell. They had been rallying in response to new tensions in the persian Gulf caused by . Standoff on Baghdad a compliance with terms of the cease fire that ended the persian Gulf War. Crude prices have also been rising partly because of worries about tight Oil supplies during the Winter. On the new York mercantile Exchange the Price of Benchmark Light Sweet crude had been up 29 cents a barrel but finished the Day Only 12 cents higher at $22.19. The kingdom pumped about 8.4 million barrels a Day last month accounting for More than a third of Opecz a production of 23.6 million barrels. The groups output last month exceeded by More than 1 million barrels a Day the groups informal ceiling of 22.3 million barrels set for the july september Quarter. Nazer has already said he would like the ceiling raised but has not specified by How much. Other sources suggested the kingdom favored a Cap of As much As 24.5 million barrels a Day. Iran Iraq Libya and other countries would oppose such a Steep increase. A no Way. In a not accepting it a said libyans Oil minister Abdalla Salem Al Badri. Iranian delegates suggested that the big producers saudi Arabia and Iran May have to reduce output in the october december period to allow for greater output by Iraq and Kuwait a and to keep prices climbing. After the iraqi invasion of Kuwait last year the Cartel scrapped its Supply quota system so members could pump As much As possible. Shoppers to be traced by Kmart Detroit apr Kmart corp. Is taking computerization from the checkout counter to the sales floor in an Experiment to track customers As they shop from housewares to automotive. The discount giant said tuesday it would test Shoppe Trak which will help it determine not Only How Many people shop in a store but where the store needs More clerks and when it should open More checkout lanes. Customers wont know Shoppe Trak is there said David m. Carlson senior vice president of corporate information systems. A a it a like putting a rubber Hose across the Highway and counting cars a he said. A literally All you Are Are patterns on a screen or patterns on a disk. The individual being counted is totally  Kmart will test the system for two months at its Westwood n.j., store starting this month. It will Cost about $70,000. Mcdonald s to make skies friendlier for kids Chicago a Mcdonald a corp. Flew into new territory tuesday announcing a joint venture with United airlines to provide children a meals on Domestic flights to Orlando Fla. The promotion called Mcdonald a Friendly skies kids meals is timed to coincide with United a expanded service to its Orlando Hub serving Disney world. The meals which include Mcdonald a cheeseburgers and cookies would be served on about 45 daily flights to and from Orlando beginning oct. 31. A we think this is a unique new Way for Mcdonald a to reach its customers a said Rebecca Caruso a spokeswoman for the Oak Brook 111.-based fast food giant. It was unclear whether the Union represents the first time a fast food Chain has teamed up with an airline for a promotion. The two May expand the service company officials said. Mcdonald a has been looking for ways to bring in business and United like other airlines suffering from fewer travellers because of the recession is seeking ways to lure people Back aboard its planes. Last month United inaugurated a Champagne and caviar first class menu on some of its flights. A we wanted to create a product in the air that would make flying More fun for children and easier for parents a said Adam Aron United a senior vice presi Dent for marketing. A a. If we com put a smile on the face of a child we tend to put smiles on the faces of their parents As  the promotion became possible Only recently Aron said because United has just installed new kitchens on its planes that would keep Mcdonald a hamburgers hot and up to the chains standards. The meals which also include fruit Carrot Sticks Low fat milk and a toy featuring Ronald Mcdonald in a United 747, must be ordered by customers when they Are buying their tickets United said. The airline is expanding its 18 daily flights to Orlando to 45 from 18 . Cities